Bitcoin Price Stuck at $75K Amid Fed Hike, Could Reach $100K by Year-End: Expert
Bitcoin's price has been stuck at $75k since the Federal Reserve raised interest rates. Despite this, Frank Holmes believes that Bitcoin could reach $100k by the end of 2026.
Holmes thinks that global currency interventions will trigger massive inflation, making Bitcoin a viable escape for the modern generation.
He points out that the leverage in Bitcoin mining is insane, with a mere $10,000 price swing translating to $36 million in profit for miners with fewer than 30 employees.